Middle East

Battery closes $750m fund, promotes three(2)

Technology venture firm Battery Ventures has closed its eighth fund on $750 million, and has promoted three employees to general partners as it prepares to deploy its capital.

Apollo and Abu Dhabi disagree about 10% stake’s $1.5bn value(3)

Apollo Management is reportedly in a dispute over the valuation of the firm in its attempt to sell a 10 percent stake to the Abu Dhabi Investment Authority.

Battery closes $750m fund, promotes three

Technology venture firm Battery Ventures has closed its eighth fund on $750 million, and has promoted three employees to general partners as it prepares to deploy its capital.

BNP Paribas appoints Gulf debt head

French bank BNP Paribas has linked up its structured finance and fixed income units in the Gulf through the appointment of Mark Waters as head of debt capital markets in the region.

Apollo and Abu Dhabi disagree about 10% stake’s $1.5bn value(2)

Apollo Management is reportedly in a dispute over the valuation of the firm in its attempt to sell a 10 percent stake to the Abu Dhabi Investment Authority.

Apollo and Abu Dhabi disagree about 10% stake’s $1.5bn value

Apollo Management is reportedly in a dispute over the valuation of the firm in its attempt to sell a 10 percent stake to the Abu Dhabi Investment Authority.

Oyak looks abroad following $2.67bn ING sale(2)

Following the sale of Oyak Bank to Dutch bank ING, Turkish pension fund Oyak Group is looking for partners on a foreign joint venture as it looks to invest abroad.

Global buys SAR300m textile business

Kuwait investor Global Investment House has bought Saudi Arabian textile business Ajlan Bin Abdulaziz Al Ajlan & Brothers ’Ajlan. The company’s value corresponds to roughly two thirds of its revenues.

Abraaj and Dana forge gas alliance(3)

Dubai-based buyout firm Abraaj Capital has entered a strategic alliance with United Arab Emirates gas company Dana Gas, shortly after its record-breaking deal to buy the Egyptian Fertilizers Company.

ECI sold to Shaul Shani and Ashmore for $1.2bn(3)

Nasdaq-listed ECI Telecom has been sold to Ashmore Investment Management and telecoms investor Shaul Shani, continuing a strong week for buyout firms in the telecoms sector.